Tag Archives: Corporate Sustainability

Aitken Spence Hotels Bags Gold Once Again at the 50th CA Annual Report Awards

10 Jan

Aitken Spence Hotel Holdings PLC emerged victorious once again walking away with the Gold Award in the Hospitality Sector category at the prestigious of Chartered Accountants Annual Report Awards.

The golden jubilee of the annual report awards was held recently at the Nelum Pokuna Mahinda Rajapaksa Theatre. The competition which covers 22 sectors from small business categories such as NGOs, clubs, associations to large conglomerates had a total of 130 organisations submit their annual reports for the coveted awards this year.

The annual competition formulated to encourage transparency and accountability in financial reporting in the corporate sector recognizes companies which have demonstrated excellence in transparency, accountability and good governance via their annual reports. The evaluations were conducted under a stringent three stage system where the shortlisted reports were subjected to an industry expert panel review; the reports selected for the final stage were evaluated by a final panel of judge’s chaired the Central Bank Governor.

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Sustainability, transparency and accountability are stringently practiced at Aitken Spence Hotels and winning this accolade provides a clear indication on its commitment to report on its economic, social and environmental impacts. “We see corporate sustainability as part of our core business strategy and ensure that our commitment is filtered down to every operation. This commendation reflects Aitken Spence Hotels’ track record of commitment to corporate accountability and championing sustainable tourism by producing industry best practices. We will continue to stay committed to delivering exceptional sustainable experiences to our guests whilst continuing to our stringent practices in corporate governance”, said Mr. Susith Jayawickrama, Managing Director, Aitken Spence Hotels.

Aitken Spence Hotels manages a portfolio of hotels and resorts in Sri Lanka, Maldives, India and Oman. The company’s expertise in hotel design, building and management is complimented by its dedication and commitment to excellence. Located in some of the key tourist locations, each of the properties cater to a diverse client base.

A Capacity To Endure

20 Apr

A discussion with Dr. Rohan Fernando, Director, Head of Business Development & Plantations, Aitken Spence PLC

Sustainability, the carbon footprint and carbon neutrality have become the “buzz words” of business today, but few truly understand the need or the multi-faceted significance of sustainability in today’s business climate. Dr. Rohan Fernando says that the Corporate Sustainability Team champions the need for sustainability in the current global context, adding that “Sustainability is not about doing good; it is about doing good business.”

Whilst most understand the environmental aspect of a sustainable business, many are unaware of the economic and social factors being focused on in a corporate sustainability strategy. In a drive to ensure the long term viability, profitability and integrity of business, the Corporate Sustainability Team in conjunction with the SBUs have taken it upon themselves to build on the strengths of each individual company, guiding the group on the path of corporate sustainability. The team is led by Mr. Ravi De Silva, whose vast experience and knowledge on the topic of sustainability, is consulted on sustainability strategizing and implementation.

Dr. Fernando says that sustainability in business makes the company more competitive, and, therefore, improves the bottom line. Globally, customers, investors, financing institutions, governments and interest groups are increasingly demanding greater levels of transparency in business conduct. Likewise, businesses which embrace corporate sustainability stand to gain with more loyal customers, enhanced business opportunities and mutually beneficial partnerships with key stakeholders. Hence, as a leading conglomerate with a dynamic global outlook it is natural that Aitken Spence builds on its heritage to aggressively pursue a group-wide sustainability strategy.

The diverse activities of the group pose a challenge in itself, for the nature of each company’s business dictates the aspect of sustainability it should adopt. Whilst certain companies, within the group such as Aitken Spence Hotels are able to champion sustainable strategies which have an environmental impact, other companies may decide to champion health and safety, governance, innovation, quality and human resources.

A deep-rooted belief that “As a leading corporate in Sri Lanka, with a global reach, it is our responsibility to maintain sustainable practices,” is one that must be both instilled and cultivated.  Each subsidiary has its own “sustainability representative,” who works in tandem with the Business Development unit to help inform and assist their colleagues in formulating an enduring and practical strategy for continuance, one that is customised to each entity’s separate needs.

The road to sustainability will be neither short, nor easy, but if travelled properly it will most certainly be a rewarding one for Aitken Spence.

Ace Magazine – 2010